Home refinance in Bakersfeild CA (Real Estate - Mortgage Brokers)

Item ID 15304839 in Category: Real Estate - Mortgage Brokers

Home refinance in Bakersfeild CA


Self Employed Borrowers
Self employed individuals often find that there are greater hurdles to borrowing for them than an employed person. For many conventional lenders the problem with lending to the self employed person is documenting an applicant's income. Applicants with jobs can provide lenders with pay stubs, and lenders can verify the information through their employer. In the absence of such verifiable employment records, lenders rely on income tax returns, which they typically require for 2 years.

Source of Down Payment
Lenders expect borrowers to come up with sufficient cash for the down payment and other fees payable by the borrower at the time of funding the loan. Generally, down payment requirements are made with funds the borrowers have saved. If a borrower does not have the required down payment they may receive “gift funds” from an acceptable donor with a signed letter stating that the gifted funds do not have to be paid back.


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Target State: California
Target City : Bakersfield, los angles
Last Update : Jul 27, 2023 1:34 PM
Number of Views: 116
Item  Owner  : Marketing Manger
Contact Email:
Contact Phone: (917) 200-4655

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2024-02-21 (0.222 sec)